[ad_1] BERLIN (Reuters) – Online travel startups based in Germany are hunkering down to survive a coronavirus pandemic that threatens to inflict a “nuclear winter” on the travel industry as…
Tag: Private Equity (TRBC level 5)
Italy’s Intesa sells merchant payments business to Nexi, takes stake
[ad_1] By Valentina Za, Elisa Anzolin MILAN (Reuters) – Intesa SanPaolo ISP.MI is selling its retailers’ payment business to Nexi NEXII.MI in a 1 billion euro ($1.1 billion)deal that will…
Italian bad loan prices must fall to lure back foreign buyers – Axactor Italy
[ad_1] MILAN, Nov 17 (Reuters) – International investors will steer clear of Italian impaired bank loans until prices fall to reflect the higher risks associated with the COVID-19 crisis, the…
TUI secures third bailout in COVID travel slump survival battle
[ad_1] By Arno Schuetze, Michael Nienaber, Klaus Lauer FRANKFURT/BERLIN (Reuters) – TUI secured a third bailout on Wednesday, striking a deal with the German government, private investors and banks for…
Credit Suisse winds down $10 billion Greensill-linked funds
[ad_1] By Brenna Hughes Neghaiwi, Abhinav Ramnarayan ZURICH (Reuters) – Credit Suisse said on Friday it is winding down its $10 billion supply chain finance funds, which were mostly invested…
Nexi’s private equity owners sell 8.8% stake at 14.2 euros/share
[ad_1] MILAN (Reuters) – Mercury UK, a vehicle of private equity firms that hold a controlling stake in Nexi NEXII.MI, has placed an 8.8% stake in the Italian payments group…
Commerzbank board member to exit, continuing management upheaval
[ad_1] FILE PHOTO: A company logo is pictured at the headquarters of Germany’s Commerzbank AG during the annual results news conference in Frankfurt, Germany, February 13, 2020. REUTERS/Ralph Orlowski FRANKFURT…
France’s Danone appoints new board members, boosts COVID crisis oversight
[ad_1] FILE PHOTO: Cecile Cabanis, Chief Financial Officer of French food group Danone, arrives to attend a news conference to present the company’s 2015 annual results in Paris, France, February…